Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PNTG
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Weaker technical forecast for The Pennant Group, Inc. as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Dec 06, 2023 Gain 46.60% PDF

The The Pennant Group, Inc. stock price fell by -1.06% on the last day (Thursday, 28th Mar 2024) from $19.84 to $19.63. During the last trading day the stock fluctuated 3.15% from a day low at $19.52 to a day high of $20.14. The price has risen in 6 of the last 10 days and is up by 5.94% over the past 2 weeks. Volume has increased on the last day by 26 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 121 thousand shares were bought and sold for approximately $2.37 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 37.86% during the next 3 months and, with a 90% probability hold a price between $25.23 and $28.66 at the end of this 3-month period.

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PNTG Signals & Forecast

The The Pennant Group, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $19.82. On a fall, the stock will find some support from the long-term average at approximately $17.99. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -3.40%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for The Pennant Group, Inc. stock

The Pennant Group, Inc. finds support from accumulated volume at $18.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.615 between high and low, or 3.15%. For the last week, the stock has had daily average volatility of 2.82%.

Our recommended stop-loss: $18.89 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (PNTG) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect The Pennant Group, Inc. to open at $19.76, and during the day (based on 14 day Average True Range), to move between $19.01 and $20.25, which gives a possible trading interval of +/-$0.623 (+/-3.17%) up or down from last closing price. If The Pennant Group, Inc. takes out the full calculated possible swing range there will be an estimated 6.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.73 (0.51%) than the support at $18.65 (4.99%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is The Pennant Group, Inc. stock A Buy?

The Pennant Group, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.702 Hold/Accumulate Downgraded

Predicted Opening Price for The Pennant Group, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$19.76 ( 0.671%) $19.63

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PNTG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 20.38 3.80 %
R2 20.14 2.61 %
R1 20.00 1.87 %
Current price: 19.63
Support S1 19.53 -0.526 %
S2 19.38 -1.27 %
S3 19.15 -2.46 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 20.32 3.52 %
R2 20.01 1.94 %
R1 19.73 0.509 %
Current price 19.63
Support S1 18.65 -4.99%
S2 17.01 -13.35%
S3 16.25 -17.22%

FAQ

What is the symbol for The Pennant Group, Inc. Stock and on which exchange is it traded?
The symbol for The Pennant Group, Inc. is PNTG and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell The Pennant Group, Inc. Stock?
The Pennant Group, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy The Pennant Group, Inc. Stock?
The Pennant Group, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy The Pennant Group, Inc. Stock.

What's the current price of The Pennant Group, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an The Pennant Group, Inc. (PNTG) share was $19.63.

What is the 52-week high and low for The Pennant Group, Inc. Stock?
The 52-week high for The Pennant Group, Inc. Stock is $20.50 and the 52-week low is $10.31.

What is the market capitalization of The Pennant Group, Inc. Stock?
As of the 2024-03-28, the market capitalization of The Pennant Group, Inc. is 589.147M.

When is the next earnings date for The Pennant Group, Inc.?
The upcoming earnings date for The Pennant Group, Inc. is May 02, 2024.
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About The Pennant Group, Inc.

The Pennant Group. The Pennant Group, Inc. provides healthcare services in the United States. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services; and hospice services comprising clinical care, education, and counseling services for the physical, sp... PNTG Profile

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